GPF Capital backs beer cooler producer Golderos

GPF plans to double the company's revenues by consolidating its market position in Spain, boosting its international expansion, improving its product offering and enlarging its client base.

Unquote understands that the GP deployed between €10-20m from its GPF Fund II, which held a final close on €150m in October 2017. The vehicle targets Spanish lower-mid cap companies with EBITDA in excess of €3m and revenues of up to €50m, and is now around 50% deployed.

This deal closely follows the acquisition of personal care products manufacturer Quimi Romar from Realza Capital, completed by the fund last week.

Company
Established in 1970 and based in Madrid, Golderos specialises in the design, production and maintenance of beer coolers, dispensers and pumps used in restaurants and bars. The company's client base includes several Spanish and international beer producers, such as Grupo Mahou-San Miguel, Grupo Damm, ABInbev, Estrella Galicia, Cerveza Ambar and Superbock.

People
GPF Capital – Martín Rodríguez-Fraile, Ignacio Olascoaga, Lorenzo Martínez de Albornoz, Guillermo Castellanos (founding partners).
Golderos – Patricia Golderos (CEO).

Advisers
Equity – Uría Menéndez (legal); EY (corporate finance).
Company – Navarro Abogados (legal); PwC (corporate finance).

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• Topics
• Buyouts
• Southern Europe
• Industrials
• GPF Capital
• Spain
• EY (Ernst & Young)
• PwC